Explain the Accounting Equation?

Answer Posted / radha

Assets=Liability+Equity

Is This Answer Correct ?    9 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

want to know the questions and answers frequently asking in banks at the time of interview for any cadre

1542


why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason

1080


how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come

9503


What is meant by balancing?

579


What are the major components of country's trade account?

2491






iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above

1506


correction of sundry creotors

2154


what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software

1028


what is lease accounting?? please explain me....

1787


what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?

1460


sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?

1455


Define overhead in terms of accounting?

590


Tell me how much statistics knowledge is necessary or required in accounting?

3514


Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.

2817


What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

1968